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Updated over 14 years ago on . Most recent reply
Rich WeesePoster
#2 Off Topic Contributor
#2 Off Topic Contributor
- Real Estate Investor
- the villages, FL
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Interest rates good- economy bad- per Bernake.
Rich WeesePoster#2 Off Topic Contributor
#2 Off Topic Contributor
- Real Estate Investor
- the villages, FL
http://www.msnbc.msn.com/id/38340249/ns/business-stocks_and_economy/
Bernake didn't sound very positive today. Stocks drop and he actually uses words like recession and "double dip" . Interest rates to stay low is the good point in the article. Rich
Most Popular Reply
Bryan Hancock#4 Off Topic Contributor
#4 Off Topic Contributor
- Investor
- Round Rock, TX
If banks don't lend money then businesses can't make projects profitable. Absent some change in the super-humanly-stringent underwriting criteria and downright crazy approach of banks I don't think we see a recovery anytime soon.
Credit is the lifeblood of the economy and people and businesses still don't trust other people and businesses.